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Ripple has partnered with Intermex, which will leverage RippleNet to develop faster, transparent cross-border remittance services between the U.S. and Mexico. It will also give Intermex access to Ripple's XRP-based On-Demand Liquidity (ODL) service as a real-time bridge between sending and receiving currencies.

Ripple has partnered with Intermex, which will leverage RippleNet to develop faster, transparent cross-border remittance services between the U.S. and Mexico. It will also give Intermex access to Ripple's XRP-based On-Demand Liquidity (ODL) service as a real-time bridge between sending and receiving currencies.

Tron founder Justin Sun, new owner of the Steemit social network based on the Steem token, appears to have successfully executed a takeover of Steem by leveraging not only tokens directly controlled, but also tokens held on several major exchanges, in order to vote out the previous delegates (Steem uses a delegated proof-of-stake system) and install new ones. This means that customers of these exchanges likely had their funds used without their consent in this blockchain power struggle.

Intermex will utilize Ripple's On-Demand Liquidity (ODL) solution, which leverages XRP to settle cross-border payments, the two companies announced Tuesday. ODL is part of RippleNet.

The World Bank recommends the following key actions to accelerate the efforts to reduce remittance prices to respond to the challenges of widespread unemployment and the plight of migrant communities in host countries; (i) embrace the new emerging remittance models, (ii) support universal financial access in receiving countries and amongst migrant workers in sending countries, (iii) enhance domestic retail payment systems promoting interoperability and fast payment services and enable leveraging these for remittances, (iv) enhance AML/CFT compliance in receiving countries and support development of digital ID solutions, and (v) support development of comprehensive integrated cross-border payment solutions for MSME trade flows, ecommerce and remittances.

For now, the largest crypto exchanges are not changing their leverage policies, but they are making other tweaks. Huobi instituted a flavor of a circuit breaker: Instead of halting trading, the software will halt liquidation orders on positions where the margin ratio is less than or equal to zero when abnormal price deviation between the market price and liquidation price is identified. The exchange has also begun doing partial liquidations.

"The Federal Reserve has released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization, or ISO. The FedNow ISO 20022 specifications define the message flows and formats that the service will leverage when operational in 2023."

Rakuten customers can now load up Rakuten Pay accounts with cryptocurrencies. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging "Rakuten Cash" via crypto assets.

Rakuten customers can now load up Rakuten Pay accounts with cryptocurrencies. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging "Rakuten Cash" via crypto assets. Users exchange their crypto holdings for Rakuten Cash, the firm's own virtual currency, directly on the Rakuten Wallet app, which, in turn, can be used to make purchases on the platform, and there's no fee for swapping crypto to Rakuten Cash.

A filing this week with the U.S. Securities and Exchange Commission seeks to create the FOMO ("fear of missing out") exchange-traded fund (ETF) that will invest in "securities that reflect current or emerging trends." The actively managed FOMO will target everything from stocks across both developed and emerging markets to Special Purpose Acquisition Companies (SPACs), other ETFs, derivatives, volatility products and both leveraged and inverse funds.

The Central Bank of Bahrain (CBB) is collaborating with J P Morgan and Bank ABC in a pilot scheme to introduce instantaneous cross border payment solution leveraging state of the art technology and digital currency. Bank ABC and J.P. Morgan will pilot the transfer of funds from and to the Kingdom of Bahrain in US-Dollars for payments from buyers to suppliers. The CBB will act as a close partner in the pilot and going forward would look to extend the collaboration to central bank digital currencies (CBDCs).

"Over the last two weeks the crypto markets suddenly started to undergo several seismic shifts. A crackdown by the Chinese government appears to have kicked off a migration of hashpower and BTC from China to other regions of the world. Tesla's change of heart about accepting BTC payments spooked some retail investors, causing many to capitulate. And a massive futures liquidation event caused a temporary price spiral, but also cleared out a lot of outstanding leverage that was propping up the market."

Bitcoin is censorship-resistant. That's why ransomware gangs like it. This very same feature also prevents democratic societies from modifying the Bitcoin protocol to exclude ransomware gangs. Bitcoin may be censorship resistant, but the venues where it is traded are not. Section 311 and other tools that allow for leverage over these venues remain one of the best ways to attack bitcoin-based ransomware.

JP Morgan analysts have concluded that the mainstreaming of crypto ownership is raising correlations with cyclical assets, potentially converting them from insurance to leverage. Over shorter intra-month and intra-quarter horizons, crypto-assets continue to rank as the poorest hedge for major drawdowns in global equities, particularly relative to the fiat currencies like the dollar which they seek to displace.

Hedge funds on CME are short on Bitcoin futures for more than $1 billion. They have been increasing their short positions since October when the BTC price started climbing. As data provider Skew has previously shared, these leveraged funds, while short on CME Bitcoin futures, are likely to be long on Grayscale Bitcoin Trust (GBTC) trying to collect the Grayscale premium and the CME futures basis. Interestingly, for the first time ever, the GBTC premium, the difference between the market price of bitcoin and the implied price by GBTC, has gone negative today. This premium has been dropping ever since December 22nd, 2020, when it was above 40%.

MoneyGram is planning to expand its partnership with Ripple, for which it utilizes its product On-Demand Liquidity (ODL), formerly known as xRapid that leverages digital assets XRP for transactions.

Ripple has surpassed 300 customers and announced On-Demand Liquidity (ODL, formerly known as xRapid), leveraging XRP to eliminate pre-funding in cross-border payments.

MoneyGram processes 10% of its transactions between the U.S. and Mexican corridor via Ripple's payments solution On-Demand Liquidity (ODL) that leverages XRP cryptocurrency.

U.K.-based remittance firm TransferGo is planning to move to Ripple's payments solution On-Demand Liquidity that leverages XRP, the world's third-largest cryptocurrency.

The World Economic Forum's Centre for the Fourth Industrial Revolution Network has built a global community of central banks, international organizations and leading blockchain experts to identify and leverage innovations in distributed ledger technologies (DLT) that could help usher in a new age for the global banking system.